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Vanaja and vasula are twin sisters who hail from the state of Kerala. They observed that children from her village were suffering from deformities due to prolonged use of pesticide contaminated river water and endosulphine spayed fruits and vegetables. Taking this into cognizance they both plan to start a firm which would promote organic farming in their village. In the beginning, the firm would be an association of two persons who would carry on the business as co-owners, would share profits and losses and would have unlimited liability. In order to avoid conflicts in future they would have a written agreement which will include all the classes relating to authority and responsibility of members, voting rights and roles and payment of members. The sisters will act as principal and agent for each other and for the firm. They discussed this proposal with the Block Development Officer (BDO). He was very appreciative of their efforts and suggested them to use a catchy slogan which would act as a powerful message to communicate to their cause. Taking clue from the suggestions made by the BDO, the sisters prepared a document which encompassed the relevant external and internal elements involved in starting a new venture. They approached BHIMA capitals Ltd with their proposal and presented a three-minute executive summary to awaken interest of potential funders. Quite impressed with the idea, the professional investors agreed to provide Private equity seed capital in return for minority shareholding.
Read the case study and answer the following questions.
Vanaja and vasula are twin sisters who hail from the state of Kerala. They observed that children from her village were suffering from deformities due to prolonged use of pesticide contaminated river water and endosulphine spayed fruits and vegetables. Taking this into cognizance they both plan to start a firm which would promote organic farming in their village. In the beginning, the firm would be an association of two persons who would carry on the business as co-owners, would share profits and losses and would have unlimited liability. In order to avoid conflicts in future they would have a written agreement which will include all the classes relating to authority and responsibility of members, voting rights and roles and payment of members. The sisters will act as principal and agent for each other and for the firm. They discussed this proposal with the Block Development Officer (BDO). He was very appreciative of their efforts and suggested them to use a catchy slogan which would act as a powerful message to communicate to their cause. Taking clue from the suggestions made by the BDO, the sisters prepared a document which encompassed the relevant external and internal elements involved in starting a new venture. They approached BHIMA capitals Ltd with their proposal and presented a three-minute executive summary to awaken interest of potential funders. Quite impressed with the idea, the professional investors agreed to provide Private equity seed capital in return for minority shareholding.
Read the case study and answer the following questions.
Read the given passage carefully and answer the following question :
Based on the universal law “Polluter pays”, effect to restore the ecology and safeguard the human health with people's participation has taken place in Daurala near Meerut. These efforts are now bearing fruits after a span of three years when Meerut based NGO had developed a model for ecological restoration. The meeting of the Daurala Industries officials, NGOs, Government officials and other stackholders at Meerut has brought out results. The powerful logics, authentic studies and the pressure of people have brought a new lease of life to the twelve thousand residents of this village. It was in the year 2003 that the pitiable condition of Dauralaities drew the attention of the civil society. The groundwater of this village was contaminated with heavy metals. The reason was that the untreated waste water of Daurala industries was leaching to the groundwater table. The NGO conducted a door to door survey of the health status of the residents and came out with a report. The organisation, the village community and people's representatives sat together to find out sustainable solutions to the health problem. The industrialists showed a keen interest towards checking the deteriorating ecology. The overhead water tank's capacity in the village was enhanced and a 900m extra pipeline was laid to supply potable water to the community. The silted pond of the village was cleaned and recharged by distilling it. Large quantity of silt was removed paving way to large quantity of water so that it recharged the aquifers. Rainwater harvesting structures have been constructed at different places which has helped in diluting the contaminants of the groundwater after the monsoons. 1000 trees have also been planted which improved the environment.